{"id":126401,"date":"2025-11-10T21:37:09","date_gmt":"2025-11-10T21:37:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/126401\/"},"modified":"2025-11-10T21:37:09","modified_gmt":"2025-11-10T21:37:09","slug":"coreweave-beats-third-quarter-revenue-estimates-on-ai-computing-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/126401\/","title":{"rendered":"CoreWeave beats third-quarter revenue estimates on AI computing boom"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -AI cloud provider CoreWeave beat Wall Street estimates for third-\u200bquarter revenue on Monday, benefiting from surging \u200cdemand for its computing infrastructure that powers <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> workloads.<\/p>\n<p class=\"yf-1090901\">Shares \u200cof the company rose about 3% in extended trading. The stock has been volatile since its debut earlier this year, as investors weigh massive \u2060contract wins against \u200cheavy spending and strategic setbacks.<\/p>\n<p class=\"yf-1090901\">CoreWeave has cemented its position as a key infrastructure partner \u200dfor the biggest names in technology, landing a string of multibillion-dollar deals that underscore the voracious appetite \u200bfor AI-powering graphics processing units.<\/p>\n<p class=\"yf-1090901\">The company&#8217;s \u200cfocus on providing high-performance cloud infrastructure specifically for AI has allowed it to capture demand from clients such as Meta Platforms and <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a>, who are racing to develop and deploy generative AI models.<\/p>\n<p class=\"yf-1090901\">Its \u2060aggressive expansion plans, however,\u200b hit a snag in \u200blate October when crypto miner Core Scientific terminated a $9 billion all-stock merger agreement.<\/p>\n<p class=\"yf-1090901\">CoreWeave \u200dreported revenue \u2060of $1.36 billion for the third quarter, compared with analysts&#8217; average estimate of \u2060$1.29 billion, according to data compiled by LSEG.<\/p>\n<p class=\"yf-1090901\">\u200c(Reporting by Akash Sriram in Bengaluru; \u200cEditing by Shilpi Majumdar)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -AI cloud provider CoreWeave beat Wall Street estimates for third-\u200bquarter revenue on Monday, benefiting from surging \u200cdemand&hellip;\n","protected":false},"author":2,"featured_media":126402,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,7038,2767,85,4426,46,79874,125,69856],"class_list":["post-126401","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-cloud-infrastructure","tag-coreweave","tag-il","tag-infrastructure","tag-israel","tag-quarter-revenue","tag-technology","tag-wall-street-estimates"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/126401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=126401"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/126401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/126402"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=126401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=126401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=126401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}